Eric A. Hanson - 20 Apr 2023 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role: CFO
Signature: /s/ Eric A. Hanson
Issuer symbol: LWAY
Transactions as of: 20 Apr 2023
Transactions value $: -$14,817
Form type: 4
Filing time: 27 Apr 2023, 18:08:03 UTC
Previous filing: 02 Sep 2022
Next filing: 22 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LWAY	Common Stock no par value	Tax liability	-$14.8K	-2.43K	-4.56%	$6.11	50.7K	20 Apr 2023	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	LWAY	Restricted Stock Units						7.47K	20 Apr 2023	Common Stock	7.47K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	No stock was sold. Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F2	Includes a time-based restricted stock award of which 6,319 will vest on April 20, 2024, contingent on the Reporting Person's continued service on each applicable vesting date.
F3	Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 2,489 will vest on August 31, 2023, 2,489 will vest on August 31, 2024 and 2,488 will vest on August 31, 2025, contingent on the Reporting Person's continued service on each applicable vesting date.